Industrial solutions provider, Honeywell Automation India has reported 31.51% increase in its net profit for the quarter ended December 31, 2011, at Rs 33.85 crore. The company had posted a net profit of Rs 25.74 crore in the same period last financial year.
The net sales during the fourth quarter also went up by 31.76% to Rs 501.17 crore from Rs 380.37 crore in the year-ago period.
For the company’s entire accounting year 2011, the net profit increased by 1.99% to Rs 107.14 crore from Rs 105.05 crore in the previous financial year. The net sales during the year also rose by 19.03% to Rs 1,612.50 crore from Rs 1,354.71 crore in 2010.